The New Top Easy Access Savings Discussion Area

p1ston

https://forums.moneysavingexpert.com/discussion/comment/81965510#Comment_81965510

🤣

Mrs_Trellis_of_North_Wales

email from Santander:

"We’re pleased to let you know that we’re extending the term of your Easy Access Saver Limited Edition (Issue 3) so you can continue enjoying a great rate. It was due to mature onto an Everyday Saver with an interest rate of 0.90% AER/gross (variable). We’re giving you a further 12 months in your Easy Access Saver with the same interest rate of 3.00% AER / 2.96% gross (variable). This is currently our best instant access savings rate for balances up to £250,000."

I only have £1 in it now, but back in 2023 it was one of my highest-interest easy access accounts for a while.

pecunianonolet

Thanks all, wasn't expecting so many answers and financial dating chat on top. I've got a Santander Edge Current account and an Everyday Current account from a while ago (cashback). It doesn't let me open a second one and I don't want to open another current account just to potentially find out after I can't get the second Edge Saver and end up with a current account I won't use and a hard search so I guess I have to keep the one I have.

Probably best if I focus a bit more on Cahoot 😎

p1ston

https://forums.moneysavingexpert.com/discussion/comment/81965725#Comment_81965725

Go on, do it. This is how to use a good credit score. What have you got to lose but a hard search? If no second saver then just close the second c/a. And if you get a second 4k I'll drop the Lady of the toast like a shot.😂

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/81965775#Comment_81965775

Oh you Fly by Night! 😂

As an aside, I initiated closure of my Edge Saver on 9th April as rate dropped then, closed on 14th and shiny new one opened.

p1ston

https://forums.moneysavingexpert.com/discussion/comment/81965797#Comment_81965797

That's the way to do it. I seem to have missed my reminder to close the edge saver and only noticed when interest dropped.

Why won't you open a second one?

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81965725#Comment_81965725

This prompted me to check what accounts I currently have running with Santander.

2 Edge CAs (sole+joint) - opened for eligibility

2 Edge Savers

2 Everyday CAs - opened for cash back

Monthly Saver - I put monthly interest from Edge Savers there.

EA limited edition issue 3 - opened in Sept 2023. The rate was 5.2% at the time so I used it as my main EA for a few months.

2% EA - opened in Dec last year for cash back and Amazon voucher.

Four of these are now useless (except one "Everyday" could be useful for switches).

Cahoot is a gem, it covers all my EA needs for over 2 years now. The most long standing EA provider I've ever had😎

cricidmuslibale

Principality Building Society are releasing today (Friday 17 April) an Online Bonus 5 Access (Issue 3) account paying a variable annual interest rate of 4.25% (4.25% AER) which includes a 1.95% bonus for 12 months.

Up to 5 withdrawals including closure are permitted each year via a nominated account.

The minimum opening amount is £1 and the maximum balance for this account is £1,000,000.

Source: www.moneyfactscompare.co.uk

@soulsaver

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/81965972#Comment_81965972

I have every interest drop/maturity date on my calendar, and a reminder a couple of weeks prior. Wonder if I'm a bit OCD? I have to be or I'd forget.

As to your question, I hardly use the Edge current account as it is, so don't really want another one. I will give it a bit of thought though.

intalex

For the West Brom 3-access, in practice, around what time do the funds appear in the current account the next working day if requested before 3pm?

Also, can I withdraw all but £1 or is there a minimum balance to keep the account open?

Thanks